The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-03-12
ENCOURAGING OUTLOOK.
BUSINESS INCREASED 90 PER
CENT. LAST WEEK.
Heayy Investments to BE Made This
Year-The Peoples Victory
Over NOAOpelies.
lsrrc1AL mol rnE ArrEAL.I

trial, financial, railroad ana general
news that Is piled up in the thirty
EIGHT States and Greet British, and
GRAD the wheat into -four, and baks
the -four into pslatable intellectual
cakes for the business, manufacturing
aud industrial interss Of the Un d
States each week, is the purpose OF
this summary.
The general business aud industrial |
conditions good. M stringency is
apparcntF, Currency is abundant.
Money is cheap, collections are fair
AID the country ia making all the
money it Is spending. Fer every 200
worth OF business done in thiTty-six OF
the leading cities in 1885, $23 worth
was doue in 1855 and SIS SO in 1887.
The upward tendency in prices mas
been srrs ted, but we are threatened
with an enormous demand in April
and May, which may p ssh crowd
prices up peg higher. While here
is no certain harm in this, it Involves
a certain danger. such as checking ca
t.rpdises, because OF tho greater cost
OF production.
Crop prospe cts coptinus coed. The
Increase in last weeks business over
the previous week 8 business was 20
per cent.
Tnere is a heavy reduction OF the
financial reserves ia 4 stern cities.
Toe Nav York ranks have 81, 100000
less gold, and the couOtry generally
has 1925, 100000 mere, Eastern CAPT al
ia being thrown into 81. Paul, X ,nsss
City and other Western business CEN
ters.
Our January export trade was 81
az ,inst $5S for January last year, and
tor seven months $45 as against SAL for
the same seven months the previou,
fi,cal year.
Railroad interests dc clare 5000 clerks
will bs needed 10 keep the inteIs ate
commerce law accounts with on 200
rail ;oad com panies controlling 100 900
niles Of road. and they cay that IN APP
prop ration e 100000 is ridiculous y
INADEQUATE. Iron, lumber, petroleum
and gel eral merchsnd SO shippers are
all aBxiously awaiting the adius ment
of freight ra!e7.
Business is gaining in volume daily
and prices are very firm. A general
advance is improbable from present
Indications. Labor difficulties are de-
crossing. Employers sre combining
more earnestly. Labor leaders are
advising more conservatism. Clothing
manufacturers have large stocks. Hos
iery manufacture, I'd sra oversold. Boo
aud shoe manufacturers are busy all
through Massachusetts, and Maine tx
cspt where 1000 men are on strike
The lumber business Is expanding
Iron and stesl mills and blest furnaces
are yercr)wded and British iron and
steel are comir & In in cargo los at New
York am Philadelphia. Rails enough
are turned cut every day to lay sixty
miles OF road per day or six nilse TO-
every working hour.
The iren and etssl imports will sv
erage this year not IS than $500 toni
per day, in spite Of high tariffs and ex
trsordinary capacity.
LuEbsr, dry goods and boots an(
shoes are Ia heavy dem md at Bo. ton
Irou, steel and Cry goods are crowd
ing capacity at Philadelphia
Pi,tsburg mills are overcrowdej ,au'
over twenty m snutac uring sites hav
bssn purchased or 'louksd at" TO
msnuial turing purposes.
Business OF all kndF, especial
lumber, iron and iron ore, are pickin
up at Cleveland.
Breadslu1s, provisions and lumbe
are in batter demand at Chicago, an
a heavy distribution is assured.
Tue volume Of business Ia the OH
Valley cities is steadily increasiu
southwark,
All sorts Of products are in very act
i've dsmond in Kansas City for tn
Southwest, but the Northwest is NOR
slowly oDeuing up.
The Mess achuset's boot and sho
! employers are struggling earnestly I
securs nor-uDion labor in their mill
md new workmen arc coming |
slowly, but have to be guarded by til
! police from the sation t. the hote
and f,om the hotel to the workshop
Che den,sud for b BOTS end shoes in a
, Il ,stern m lrke,s is steadily improvin
and a very active season is piedicte
:. by manufacturers and jobbeTs. o.
: Bos ton house this week shipped $50
cases to a single jobbing firm. ALI II
:, factories making brogsns and plo
shoes are running on full time. II
factories In Maine and New Ham
: thire are crowded with orders 4
work. The forwardings for the wei
g from B lston were 1906 cases, al
. since January 18Th 437,3l0 cast
Q against ASS, 1881 cases for the same lin
z last year. The county is over su
b pied with raw skins. Tsnners 3
p nearly everywhere we'll supplied, al
d can delay purchasing fora good viii
o and therefore lower prices aIe pi
8 dicted.
y A fresh crop OF cooperative emit
% prises are visible. 10 Buffalo two
Is operative groceries aud one Gig
n fac ory have been started. Sixty m
~ ara max nS good wages at the
y opt rative stove foundry in Somers
lie Mass. la New York City the Gig
Is makers will buy large factory al
~ expend $4,000 in buying stock a
et app iauces; fifty skillful cigar maxi
ID will be employed, stock will be p'
chased, aud the manufacturers "
p buy the entire plantation crop OF
IS hacco, as is the custom of the ind,
IN try. Three cooperative enterrriI
10 are under way in st. Louis, and one
~ two new concerns are projected
'r- Milwaukee, where several euterprlI
ig are doing we'll. The Knights
operative mines in the West have pI
's- we'll. The cooperative glass factt
ne in Baltimore has assumed practi
n' shape and is incorporated.
in The eight hour agitation is beg
h. ming to take shape in several Weet'
a. cities and towns. The 81, Louis Q
n penters have led Of with demand
nd 5 cents per hour advance for n
an hours per day. The bricklayers hi
asked 50 cents and eight hours
day. The stove moulders want higl
wages, but expect to be locked O
n The St. Louis Trades and Labor .
as sembly will be organized on May
CO The labor bill before the New u
tn Legislature proposes an income ts1
be per cent. on incomes OF from ~
alt a. eunNn . nav oauk On r. IN T3O